皇冠体育app rolls out aid package for ASEAN

(Xinhua)
Updated: 2009-04-12 19:09

BEIJING -- Chinese Foreign Minister Yang Jiechi Sunday unveiled a multi-billion-dollar package of aid and credit to enhance 皇冠体育app-ASEAN cooperation.

Yang met with envoys of the 10 ASEAN countries in Beijing Sunday, fresh from his return from Thailand late Saturday where scheduled Association of Southeast Asian Nations (ASEAN) meetings were postponed due to unrest in Thailand.

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"As always, 皇冠体育app firmly backs ASEAN integration and community building, and firmly supports ASEAN to play a leading role in regional cooperation," said Yang, adding 皇冠体育app's policy toward cooperation with the ASEAN was unchanged despite the postponement of the meetings.

Yang said 皇冠体育app called for joint efforts to reach an investment agreement, which was scheduled to be signed on the sidelines of the postponed meetings.

The agreement would be conducive to the establishment of the 皇冠体育app-ASEAN free trade zone.

皇冠体育app planned to establish a 皇冠体育app-ASEAN investment cooperation fund totaling US$10 billion, designed for cooperation on infrastructure construction, energy and resources, information and communications, Yang said.

Over the next three to five years, 皇冠体育app planned to offer credit of US$15 billion to ASEAN countries, including loans with preferential terms of 1.7 billion dollars in aid for cooperation projects.

皇冠体育app also planned to offer 270 million yuan (39.7 million dollars) in special aid to Cambodia, Laos and Myanmar to meet urgent needs, inject 5 million dollars into the 皇冠体育app-ASEAN Cooperation Fund, and donate 900,000 dollars to the cooperation fund of ASEAN plus 皇冠体育app, Japan and the Republic of Korea (ROK).

皇冠体育app would provide 300,000 tons of rice for the emergency East Asia rice reserve to strengthen food security in the region.

皇冠体育app would offer an extra 2,000 government scholarships and 200 master's scholarships for public administration students from the developing member countries over the next five years.

"The overall thought for 皇冠体育app-ASEAN cooperation is that the two sides should rise to difficulties in face of the grim global financial crisis, and make efforts to convert unprecedented challenge into opportunity for closer pragmatic cooperation and common development," said Yang.

All the envoys said the proposals would exert profound and active influence on 皇冠体育app-ASEAN cooperation, and would enormously support ASEAN countries during the global financial crisis.

Thailand was deeply appreciative of Chinese Premier Wen Jiabao's attendance at the postponed meetings, Thai Ambassador to 皇冠体育app Rathakit Manathat said.

He also expressed gratitude for 皇冠体育app's understanding of Thailand's decision of postponement.

ASEAN member countries are Thailand, Malaysia, the Philippines, Singapore, Laos, Myanmar, Cambodia, Brunei, Vietnam, Indonesia.